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HomeMy WebLinkAboutOrdinance 9986n ~~. ORDINANCE N0. ~p ORDINANCE CLOSING HEARING AND LEVYING ASSESSMENTS FOR PART OF THE OOST OF IMPROVING A PORTION OF McCART AVENUE UNITS II AND III AND PORTIONS OF SUNDRY OTHER STREETS, AVENUES AND PUBLIC PLACES IN THE CITY OF FORT WORTH, TEXAS; FIXING CHARGES AND LIENS AGAINST ABUTTING PROPERTY THEREON, AND AGAINST THE OWi~.RS THEREOF; PROVIDING FOR THE COLLECTION OF SUCH ASSESSMENTS AND THE ISSUANCE OF ASSIGNABLE CERTIFICATES IN EVIDENCE THEREOF; RESERVING UNTO THE CITY COUNCIL THE RIGHT TO ALLOW CREDITS REDUCING THE AMOUN'T' OF THE RESPECTIVE ASSESSMENT TO THE EXTENT OF ANY CREDIT GRAl~Pl'ED; DIRECTING THE CITY SECRETARY 'IO ENGROSS AND ENROLL THIS ORDINANCE BY COPYING THE CAPTION OF SAME IN THE MINUTES OF THE CITY COUNCIL OF FORT WORTH, AND BY FILING THE ORDINANCE IN THE ORDINANCE RECORDS OF SAID CITY; AND PROVIDING AN EFFECTIVE DATE. WEIFI2EAS, the City of Fort Worth, Texas, has heretofore ordered that each of the hereinafter described portions of streets, avenues and public places in the City of Fort Worth, Texas, be improved by raising, grading, and filling same and by constructing thereon to-wit: McCART AVENUE (UNIT II) From a point 160 feet north of Sycamore School Road northerly 776 feet, constructing a double thirty-six feet wide roadway, and for an additional 1721 feet northerly, constructing a single thirty-six feet wide roadway on the west side of the street to existing pavement. (East side of street existing), known and designated as Project No. 67-023193-00, to be improved by constructing a seven-inch thick reinforced concrete pavement with a seven-inch high integral concrete curb on a six-inch thick lime stabilized subgrade, so that the finished roadway will consist of two thirty-six feet wide traffic lanes with twenty-eight feet wide median on the 120 feet right-of-way. McCART AVENUE ( UNIT III) From a point 646 feet south of Sycamore School Road to the south property line of Lot 1, Block 23, Meadow Creek Addition Phase IV. To be improved by constructing a seven-inch thick reinforced concrete pavement with a seven-inch high integral concrete curb on a lime stabilized subgrade, so that the finished roadway will consist of two thirty-six feet wide traffic lanes with a twenty-eight feet wide median on the one hundred and twenty feet wide right-of-way. -1- The above together with combined concrete curbs and gutter on proper grade and line where same are not already so constructed, together with storm drains and other necessary incidentals and appurtenances; all of said improvements to be constructed according to plans and specifications to be approved by the City; WHEREAS, estimates of the cost of the improvements of each such portion of streets, avenues and public places were prepared and approved and adopted by the City Council of the City, and a time and place was fixed for a hearing and the proper notice of the time, place and purpose of said hearing was given and said hearing was had and held at the time and place fixed therefore, to-wit, on the 27th day of October, 1987, at 10:00 A.M., in the Council Chamber in the City Hall in the City of Fort Worth, Texas, and at such hearing all desiring to be heard were given full and fair opportunity to be heard, and the City Council of the City having fully considered all proper matter, is of the opinion that the said hearing should be closed and assessments should be made and levied as herein ordered: NOW THEREFORE: BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEAS, THAT I. The benefit hearing for the assessment for paving and other improvements to McCart Avenue Unit II from a point 160 feet north of Sycamore School Road northerly 776 feet, constructing a double thirty-six feet wide roadway, and for an additional 1721 feet northerly, constructing a single thirty-six feet wide roadway on the west side of the street to existing pavement. (East side of street existing). McCart Avenue Unit III from a point 646 feet south of Sycamore School Road to the south property line of Lot 1, Block 23, Meadow Creek Addition Phase IV is hereby closed and all protests and objections, if any, to the assessments levied are hereby overrulled. II. The City Council, from the evidence, finds that the assessments herein should be made and levied against the respective parcels of property abutting upon the said portions of streets, avenues and public places and against the owners of such property, and that such assessments and charges are right and proper and are substantially in proportion to the benefits to the respective parcels of property by means of the improvements in the unit for which such assessments are levied, and establish substantial justice and equality and uniformity between the respective owners of the respective properties, and between all parties concerned, considering the benefits received and burdens imposed, and further finds that in each case the abutting property assessed is specially benefitted in enhanced value to the said property by means of the said improvements in the unit upon which the particular property abuts and for which assessment is levied and charge made, in a stun in excess of the said assessment and charge made against the same by this ordinance, and further finds that the apportionment of the cost of the improvements is in accordance with the law in force in this City, and the proceedings of the City heretofore had with reference to said improvements, and is in all respects valid and regular. III. There shall be, and is hereby, levied and assessed against the parcels of property herein below mentioned, and against the real and true owners thereof (whether such owners be correctly named herein or not) the sums of money itemized below opposite the description of the respective parcels of property and the several amounts assessed against the same, and the owners thereof, as far as such owners are known, being as follows: -2- IV. Where more than one person, firm or corporation owns an interest in any property above described, each said person, firm or corporation shall be personally liable only for its, her or his pro rata of the total assessment against such property in proportion as its, his or her respective interest in such property may be released from the assessment lien upon payment of such proportionate sum. V. The several sums above mentioned and assessed against the said parcels of property, and the owners thereof, and interest thereon at the rate of eight percent (8~) per annum, together with reasonable attorney's fees and costs of collection, if incurred, are hereby declared to be and are made a lien upon the respective parcels of property against which the same are assessed, and a personal liability and charge against the real and true owners of such property, whether such owners be correctly named herein or not, and the said liens shall be and constitute the first enforceable lien and claim against the property on which such assessments are levied, and shall be a first and paramount lien thereon, superior to all other liens and claims, except State, County, School District, and City ad valorem taxes. The amounts assessed against the abutting properties and the owners thereof shall constitute a first and prior lien upon such properties and personal liability of the owners thereof and shall be payable upon the acceptance by the City of Fort Worth of the Project after its completion. Said assessments shall be due and payable on or before thirty days (30) after the acceptance by the City of Fort Worth of the Project, except that, if the abutting owner so elects, by complying with the terms hereinafter set forth, said assessments may be paid in instalments. Said assessments may be paid in five (5) equal, consecutive annual installments, the first installment to be due and payable no later than thirty (30) days after the acceptance by the City of Fort Worth of the Project, and each subsequent installment to be due and payable on an annual basis on each consecutive anniversary date of the acceptance of the Project; in the alternative, said assessments may be paid in forty-eight (48) equal consecutive monthly installments, the first installment to be due and payable no later than thirty (30) days after the acceptance by the City of Fort Worth of the Project. Any t owner electing to pay the assessment in installments, as provided for herein, as a condition precedent to such election, must execute a promissory note and mechanic's and materialman's lien contract evidencing the owner's intent to pay the assessment in accordance with the terms of one of the alternatives hereinabove set forth. In any case in which the owner elects to pay the assessment in installments under either of the alternatives specified, the assessment shall bear interest from the date of acceptance of the Project at the rate of eight percent ($~) per annum. Should any installment not be paid on its due date, the City of Fort Worth shall have the option to accelerate the entire unpaid balance of the assessment and declare the same to be immediately due and payable; this and other terms governing any default in the payment of any installment shall be set forth in the mechanic's and materialmen's lien contract and shall be uniform among all owners executing the contract. In addition, the City Attorney shall have the authority to authorize terms of payment different than those specified herein when the Director has previously determined that an extreme financial hardship exists. -3- VI. If default shall be made in the payment of any assessment, collection thereof shall be enforced either by the sale of the property by the Assessor and Collector of Taxes of said City as near as possible in the same manner provided for the sale of property for the non-payment of ad valorem taxes, or at the option of the City of Fort Worth, or its assigns, payment of said sums shall be enforced by suit in any court of competent jurisdiction, or as provided in any mechanic's or materialman's contract as aforesaid, and said City shall exercise all of its lawful powers to aid in the enforcement and collection of said assessments. VII. The total amount assessed against the respective parcels of abutting property, and the owners thereof, is in accordance with the proceedings of the City relating to said improvements and assessments thereof, and is less than the proportion of the cost allowed and permitted by the law in force in the City. VIII. Although the aforementioned charges have been fixed, levied, and assessed in the respective amounts hereinabove stated, the City Council does hereby reserve unto itself the right to reduce the aforementioned assessments by allowing credits to certain property owners where deemed appropriate. Notwithstanding the City Council has herein reserved the right to issue credits, it shall not be required to issue' credits, and will not do so, if same would result in inequity and/or unjust discrimination. The principal amount of each of the several assessment certificates to be issued by the City of Fort Worth, Texas, as hereinafter provided, shall be fixed and determined by deducting from the amount of any assessment hereinabove levied such amount or amounts, if any, as may hereafter be allowed by the City Council as a credit against the respective assessments. IX. For the purpose of evidencing the several sums assessed against the respective parcels of abutting property and the owners thereof, and the time and terms of payment, and to aid in the enforcement and collection thereof, assignable certificates in the principal amount of the respective assessments less the amount of any respective credit allowed thereon, shall be issued by the City of Fort Worth, Texas, upon completion and acceptance by the City of the improvements in each unit of improvement as the work in such unit is completed and accepted, which certificates shall be executed by the mayor in the name of the City and attested by the City Secretary, with the corporate seal of the City impressed thereon, and shall be payable to the City of Fort Worth, or its assigns, and shall declare the said amounts, time and terms of payment, rate of interest, and the date of the completion and acceptance of the improvements abutting upon such property for which the certificate is issued, and shall contain the name of the owner or owners, if known, description of the property by lot and block number, or front feet thereon, or such other description as may otherwise identify the same; and if the said property shall be owned by an estate, then the description of same as so owned shall be sufficient and no error or mistake in describing any property, or in giving the name of the owner, shall invalidate or in anywise impair such certificate, to the assessments levied. -4- The certificates shall provide substantially that if same shall not be paid promptly upon maturity, then they shall be collectable, with reasonable attorney's fees and costs of collection, if incurred, and shall provide substantially that the amounts evidenced thereby shall be paid to the Assessor and Collector of Taxes of the City of Fort Worth, Texas, who shall issue his receipt therefore, which shall be evidence of such payment on any demand for the same, and the Assessor and Collector of Taxes shall deposit the sums so received by him forthwith with the City Treasurer to be kept and held by him in a separate fund, and when any payment shall be made in the City the. Assessor and Collector of Taxes upon such certificate shall, upon presentation to him of the certificate by the holder thereof endorse said payment thereof. If such certificate be assigned then the holder thereof shall be entitled to receive from the City Treasurer the amount paid upon the presentation to him of such certificate so endorsed and credited; and such endorsement and credit shall be the Treasurer's Warrant for making such payment. Such payments by the Treasurer shall be receipted for the holder of such certificate in writing and by surrender thereof when the principal, together with accrued interest and all costs of collection and reasonable attorney's fees, if incurred, have been paid in full. Said certificates shall further recite substantially that the proceedings with reference to making the improvements have been regularly had in compliance with the law, and that all prerequisites to the fixing of the assessment lien against the property described in such certificate and the personal liability of the owners thereof have been performed, and such recitals shall be prima facie evidence of all the matters recited in such certificates, and no further proof thereof shall be required in any court. Said certificates may have coupons attached thereto in evidence of each or any of the several installments thereof, or may have coupons for each of the first four installments, leaving the main certificate to serve for the fifth installment, which coupons may be payable to the City of Fort Worth, or its assigns may be signed with the facsimile signatures of the Mayor and City Secretary. Said certificates shall further recite that the City of Fort Worth, Texas shall exercise all of its lawful powers, when requested so to do, to aid in the enforcement and collection thereof, and may contain recitals substantially in accordance with the above and other additional recitals pertinent or appropriate thereof, and it shall not be necessary that the recitals be in the exact form above set forth, but the substance thereof shall be sufficient. The fact that such improvements may be omitted on any portion of any of said units adjacent to any premises exempt from the lien of such assessments shall not in anywise invalidate, affect or impair the lien of such assessments upon other premises. X. Full power to make and levy reassessments and to correct mistakes, errors, invalidities or irregularities, either in the assessments or in the certificates issued in evidence thereof, is, in accordance with the law in force in this City, vested in the City. -5- XI. All assessments levied are a personal liability and charge against the real and true owners of the premises described, notwithstanding such owners may not be named, or may be incorrectly named. ' XII. The assessments so levied are for the improvements in the particular unit upon which the property described abuts, and the assessments for the improvements in any unit are in nowise affected by the improvements or assessments in any other unit, and in making assessments and in holding said hearing, the amounts assessed for improvements in any one unit have been in nowise connected with the improvements or the assessments therefore in any other unit. XIII. The assessments levied are made and levied under and by virtue of the terms, powers and provisions of an Act passed at the First Called Session of the Fortieth Legislature of the State of Texas, known as Chapter 106 of the Acts of said Session and now shown as Article 1105b of Vernon's Texas Civil Statutes, which Act has been adopted as an amendment to and made a part of the Charter of the City of Fort Worth, Texas. XIV. The City Secretary is hereby directed to engross and enroll this ordinance by copying the caption of same in the Minute Book of the City Council of Fort Worth, Texas, and by filing the complete Ordinance in the appropriate Ordinance Records of said City. XV. This ordinance shall take effect and be in full force and effect from and after the date of its passage and it is so ordained. PASSED AND APPROVID this ©~ day of 2.-J 19 APPROVED AS ~ FORM AND LEGALITY: City Attorney -6- ,~ PROJFXT N0. 67-023193-00 McCART AVE. UNIT II, FROM A POINT 160 FEET NORTH OF SYCAMORE SCHOOL RD. NORTHERLY 776 FEET, OONSTRUCTING A DOUBLE THIRTY-SIX FEET WIDE ROADV~Y, & FUR AN ADDITIONAL 1721 FEET 1~ARTHERLY, OONSTRTJCTING A SINGLE THIRTY-SIX FEET WIDE ROADTnY~,Y ON THE WEST SIDE OF THE STREET TD EXISTING PAVII~. ( EAST SIDE OF STRF~EP EXISTING ). Zb be improved by constructing a seven-inch thick reinforced concrete pavement with a seven-inch high integral concrete curb on a six-inch thick lime stabilized subgrade, so that the finished roadway will consist of two thirty-six feet wide traffic lanes with twenty-eight feet wide median on the 120 feet R.O.W. OWNER & LOGAL DESCRIPTION ZONING FROM 485'SO.OF W. CLEBURNE RD. WFSTSIDE 000004713508 IAUIS G. REESE 8626 DOUGL~IS AVEIV[JE DALT,AS, '1~C 75225 A 1599 ~ 2 FRONTAGE RATE ANIOUNP JAMES W. WILLIAMS SURVEY 55.20 3.42 5.48 28.18 E 630.00'Pavement 614.00'Curb 630.00'St. Lights 630.00'Drainage 34776.00 2099.88 3452.40 17753.40 58081.68 ASSESSMENT 58081.68 ADJUSTID 000005400856 LOUIS G. REESE 8626 DOiIGI~AS AVEt~]CTE E DALT~~1S, TX 75225 A 971 ZR 1J LITTLEPAGE ELLIS ADDITION 1170.00'Pavement 55.20 1170.00'Curb 3.42 1170.00'St. Lights 5.48 1170.00'Drainage 28.18 64584.00 4001.40 6411.60 32970.60 107967.60 107967.60 000004905768 R. D. PtiEi'CHER & JOE $ROCIQ~'Y D. PI,EICHEFt 2200 LINOOLN PLAZA AALiA.S, TX 75201 A 971 'II2 1H LITrI,EPAGE ELLIS ADDITION E 322.00'Pavement 251.00'Curb 322.00'St. Lights 322.00'Drainage 55.20 3.42 5.48 28.18 17774.40 858.42 1764.56 9073.96 29471.34 ADJUSTID; ~ 29471..34 -1- OWi~R & LEGAL DESCRIPTION ZONING .WESTSIDE 000004681614 CULT~IM DEV. CO. $PROP. TAX SERV. CO. 14303 IIQWOOD RfJAD E DAT TES, TX 75240 A 971 ~ t E ADJUSTED: EASTSIDE 000004698487 ALLTEX LA1~ID INV. 00. $AVTAX, INC. 902 W. OOPA~EtCE DAIS,AS, TX 75208 A 1463 ZR 4 ACJUSTED:* F'ROI~TAC~ RATE AMOUNT LITTLEPAGE ELLIS ADDITION 290.00'Pavement 259.00'Curb 290.00'St. Lights 290.00'Drainage 55.20 16008.00 3.42 885.78 5.48 1589.20 28.18 8172.20 26655.18 SA & MG RY CO. SURVEY E 823.00'Pavement 710.00'Curb 823.00'St. Lights 823.00'Drainage 55.20 45429.60 3.42 2428.20 5.48 4510.04 28.18 23192.14 75559.98 ASSESSMENT 26655.18 75559.98 -2- McCART AVH~tJE, UNIT II, cont. A. TOTAL C06'P 10 PRDPEt~i'Y OWI~EiS ........................... $297, 735.78 B. TOTAL OOST TO CITY OF FORT WOKl4i ........................$156,800.20 OONSTRUCTION COST $123,130.87 ENGR.IlZSP./ADMIN. $ 33,669.33 (88 OF ffiTIMATE $420,866.65) C. TOTAL ESTIr+g1TID OONS'Il2L)CTION OOST ........................ $454, 535.98 * - Adjusted for credit for drainage appurtenances. -3- PROJECT NO. 67-023193-00, Mc.~CART AVEfiIUE UNIT III, FROM A POI1~ 646 FEET SOUTH OF SYCAMORE SCHOOL ROAD ZO THE SOUTH PROPERTY LINE OF LOT 1, BIOCK 23, MEADOW CREEK ADDITION PHASE IV. To •be improved by constructing a seven-inch thick reinforced concrete pavement with a seven-inch high integral concrete curb on a six-inch thick lime stabilized subgrade, so that the finished roadway will consist of two thirty-six feet wide traffic lanes with a twenty--eight feet wide median on the one hundred and twenty feet wide right-of-way. OW1~jER & LF~GAL DESCRIPTION ZONING 646' 80tTt8 OF SYCAMORE SCHOOL ROAD EAST SIDE 000001703358 FOX & JAWBS, INC. P. 0. BOX 934 A CAROLLTDN, ~C. 75006 BIIC 1 LOT 1,$IK 8 LOTS 1 & 18, BIIt 1'0 LOTS 1 ~ 19, BIK 13 LOT '1 AU7CJSTID: ** 000005529832 MEADOWCREEK 1983 J 16660 LIAIS~AS PRKWY STE 20 A DALLAS TX 75248 BIK 13 LOT 20 , BSIt 18 IA'1'S 1 & 21, BLK 19 LOTS 1 & 22, BII{ 21 LO'T'S 1 & 24, BLK 23 LOT 1 ADJUSTED:*** QOI,~Il~L1S TRATI, INTO WEST SIDE 000005400813 $JERRY PRICER & ~ JERRY L TRUSTEE TH 4200 S HULEN STE 304 FT W~4i 'IBC 76106 A 971 ZY2 1 B05 FRONPAC~ RATE AMOUR N~ADOW CRK #1 790.00' MEADOW CREEK ADDN. PHASE IV. 1115.00' ASSESSME'[~Tr 27395.05 (PRE-PAID) 48960.20 (PRE-PAID) LITTLEPAC~E ELLIS E 731.00'PAVF3~r 622.00' Cf~B 731.00'LIGHTS 731.00'DRAINAGE 55.20 40351.20 3.42 2127.24 5.48 4005.88 28.79 21045.49 67529.81 ADJUSTED:* 67529.81 -1- S OWl~R & LDGAL `DESCRIPTION ZONING FRONTAGE RATE AMOUNT ASSESSMF.TTT LITI'Lb~AGE EI.LIS 000005400821 E R V ENTERPRISES 777 NIE',RCANTILE PKWY STE 5 C 1068.58'PAVE~~t~TT 55.20 58985.62 ARLINGTON R7~ 76011 1006.58'CURB 3.42 3442.50 A 971 ~ 1B05A 1068.58'LIGHTS 5.48 5855.82 1068.58'DRAINAGE 28.79 30764.42 99048.36 99048.36 AU7USTID : * (PRE PAID) are i~ * (~tIDIT Fit DRAINAGE ** CFA # 10755 PROVIDES STREET IMPImVH~JTS FOR BLIC 1 IOT 1, ffiK 8 LOT 1 & 18, BI~C 10 LOT 1 & 19, 8IK 13 LOT 1, I~'~,DOW CItEF.K ADDN. PHASE I . *** CFA ~ 13504 PImVIDF.'S STREET FOR BIR 13 LOT 20, ffiR 18 LOT 1 & 21, ~X 19 LOT 1 & 22, ffiK 21 LOT 1 & 24, BSX 23 LOT 1, l~~ADOW C3ZEEK AODN. PHASE 1V. -2- 1K~CART AVENI)E, UNIT III , opt . A. 't~PAL COST TO PROPERTY 0`d~E2S ...........................$242,933.42 PRE-PAID $175,403.61 BALANCE ZO BE PAID $ 67,529.81 B. 'DOTAL COST Ta CITY OF FORT W0RT8 ........................$424,805.98 OONSTRUCTION OOST $378,754.99 ENGR.IIJ.SP./ADMIld. $ 46,050.99 (8$ OF ESTIMAR1r $621,688.41) C. 'i~OTAL ESTIMATED CONSTRUCTION COST ........................$667,739.40 -3- a+A>r;rsR Fac~.aJ .~ SRANtDP_ORTAf10N~PUl~LIt; ;yy0RK0, ~//// ~~/p p~/y//, /J~///7/J ~) // /~y7) " NAfER ADMINI8IRAP~~N rt ~~ // ®° ~""~`~"" ~® ILtV!/ 1{i~~"' ~®~~ ILIV U (Ii~~~I.W~W®~ REAL PROPEftI ~ s!' DATE REFERENCE sue~ECr BENEFIT HEARItJG, ASSESSMENT PAVIN PAGE NuMeER OF McCART AVENUE UNITS II_ANO III^FROM ~ or 2 RECOMMENDATION It is recommended that an ordinance be adopted closing the benefit hearing for the construction of McCart Avenue from Columbus Trail to West Cleburne Road, and levying the assessments as proposed. RA('K~R(111Nn This project was included in the 1986-1988 Capital. Improvement Program approved by the voters in March, 1986. Recent improvements, including the newly constructed Sycamore School Road from McCart Avenue to West Cleburne Road, on-going street improvements on Sycamore School Road from Mc Cart Avenue to Crowley Road, and on-going construction of the McCart Avenue,/Sycamore School Road intersection will facilitate increased traffic flow on these major streets It is proposed to proceed with the improvements of McCart Avenue from Columbus Trail to the existing pavement south of West Cleburne Road to provide a fully developed arterial street from I-20/Loop 820 south to Columbus Trail to serve the needs of this rapidly developing area On September 28, 1987 (M&C G-7270), the City Council authorized the project and set October 27, 1987, as the date of the benefit hearing. The project is located in Council District No 6 PROJECT DESCRIPTION STREET UNIT II McCart Avenue UNIT III McCart Avenue PROPOSED IMPROVEMENTS ROADWAY R O.W. LIMITS WIDTH-FEET WIDTH-FEET Sycamore School Road to 2-36 120 W Cleburne Road Sycamore School Road 2-36 120 to Columbus Trail It is proposed to construct McCart Avenue, Unit II, with a seven-inch thick reinforced concrete pavement and a seven-inch high integral concrete curb on a six-inch thick lime stabilized subgrade, so that the finished roadway will consist of two thirty-six feet wide traffic lanes with atwenty-eight foot wide DATE REFERENCE SUBJECT BENEFIT HEARING, ASSESSMENT PAVIN PAGE NUMBER OF McCART AVENUE UNITS II AND III FROM 2 2 10-27-87 G-7308 COLUMBUS TRAIL TO WEST CLEBURNE ROAD or __. median on a one-hundred and twenty foot wide right-of-way from a point 160' North of Sycamore School Road for a distance of approximately 776' to tie into the existing north bound lane, and to complete the south bound lane to the existing pavement approximately 470' south of W. Cleburne Road. Mc Cart Avenue, Unit III, from a point 646 feet south of Sycamore School Road to the south property line of Lot 1, Block 23, Meadow Creek Addition Phase IV, is to be improved by constructing a seven-inch thick reinforced concrete pavement with a seven-inch high integral concrete curb on a six-inch thick lime stabilized subgrade, so that the finished roadway will consist of two thirty-six feet wide traffic lanes with a twenty-eight foot wide median on a one hundred and twenty foot wide right-of-way. ASSESSMENTS Based on Standard City Policy and the City Engineer's Cost Estimate, the property owner's share and City's share of the construction cost have been calculated for the following• UNIT II Property Owners $297,735.78 Fort Worth City $156,800.20 (includes $33,668.33 for Engr./Admin.) UNIT III Property Owners $24 2,933.42 Fort Worth City $424,805.98 (includes $46,050.99 for Engr./Admin.) It is the opinion of the Director of the Real, Property Management Department that, as a result of the proposed construction, each parcel of adjacent property will be enhanced in value by an amount equal to or greater than the proposed assessment. I DAI df APPROVED ~Y CITY COUNCIL ~~~.~ c~~ s,:~t~ ~ the c~sr ~ ~>n worr~xo ~eraa s SUBMITTED FOR THE CITY MANAGER'S OFFICE BY _ Davi d Ivory DISPOSITION BY COUNCIL. ^ APPROVED i PROCESSED BY ORIGINATING ^ OTHER (DESCRIBE) DEPARTMENT HEAD Gary Sdnterre CITY SECRETARY FOR ADDITIONAL INFORMATION CONTACT Drolet 7805 '\ ,{ } tlljoplP.~ OfatflaCiC£ Nd. DATE